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Nordstrom (JWN) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.96 per share a year ago.
Starbucks in the middle of a turnaround plan under Chief Executive Brian Niccol.
Starbucks Corp has poached Nordstrom chief financial officer Cathy Smith as the coffee shop chain continues to embark on turnaround efforts. Smith replaces longtime veteran Rachel Ruggeri, who had been at Starbucks for over 20 years and became chief financial officer in 2021.
Nordstrom CFO Cathy Smith will join Starbucks, replacing its current chief financial officer Rachel Ruggeri. Starbucks CEO Brian Niccol has shaken up the leadership team since joining the coffee chain in September.
The company is not offering guidance for 2025 or hosting an earnings call, as it prepares to go private.
Department store operator Nordstrom on Tuesday beat Wall Street expectations for quarterly comparable sales and said its Chief Financial Officer Cathy Smith would step down.
Revenue, comparable sales and earnings at or above high end of fiscal 2024 outlook Quarterly sales growth across banners, stores and digital excluding the 53rd week; comparable sales up 4.7 percent Strong EBIT margin in fourth quarter, expanding year-over-year SEATTLE , March 4, 2025 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported fourth quarter net earnings of $165 million, or $0.97 per diluted share ("EPS"), and earnings before interest and taxes ("EBIT") of $242 million. Excluding privatization fees and an accelerated technology depreciation charge, the Company reported adjusted EBIT of $273 million and adjusted EPS of $1.10.1 For the fiscal year ended February 1, 2025, net earnings were $294 million and EPS was $1.74, with EBIT of $495 million, or 3.4 percent of sales.
Nordstrom, Inc. JWN will release its fourth-quarter financial results, after the closing bell, on Tuesday, March 4.
JWN's fourth-quarter performance is likely to have gained from robust holiday performance and the enhancement of digital capabilities.
Beyond analysts' top -and-bottom-line estimates for Nordstrom (JWN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended January 2025.